City of Somerville, Massachusetts - File #: 212057

• File #: 212057
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 6/8/2021
• In control: City Council
• On agenda: 6/10/2021
• Final action: 6/24/2021
• Enactment date: 6/10/2021
• Enactment #: 212057
• Title: Requesting an appropriation and authorization to borrow $11,318,094 in a bond for the Spring Hill Sewer Separation Project and drainage improvements.
• Code sections: Bond/BAN -

Date	Ver.	Action By	Action	Result
6/29/2021	6	BOA	Mayoral Approval
6/24/2021	5	City Council	Approved
6/22/2021	4	Finance	Approved
6/10/2021	3	City Council	Referred for recommendation

  Agenda Text

title

Requesting an appropriation and authorization to borrow $11,318,094 in a bond for the Spring Hill Sewer Separation Project and drainage improvements.

body

Official Text

To the Honorable City Council:

I hereby request, subject to the approval of your Honorable City Council, an appropriation in the amount of $11,318,094 in order to finance the Spring Hill Sewer Separation Project and Drainage Improvements. To meet said appropriation, the Treasurer will be authorized to borrow $11,318,094 as provided by MGL Chapter 44.

This is a Union Square DIF Project.  Debt service shall be paid from the Sewer Enterprise Fund.

My staff will be available to answer any questions you may have. Thank you for your consideration of this matter.

Respectfully,

Joseph A. Curtatone, Mayor